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Buy JP Associates, target of Rs 227: Motilal Oswal

Posted on: June 11th 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Jaiprakash Associates with a price target of Rs 227 in its June 10, 2009 research report. “We expect JPA to report standalone PAT of Rs 9.9 billion in FY10E (up 16% YoY) and Rs 9 billion in FY11E (down 9% YoY). Using SOTP, we arrive at…

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